The Most Affordable Neighborhoods in Medicine Bow, WY by Home Value

These days, finding an affordable place to live in the Medicine Bow area can be challenging. Home prices in Medicine Bow are now at a median cost of $130,182, lower than the Wyoming average of $376,641.

The average cost of rent is $1,329/mo in Medicine Bow, primarily driven by the current value of real estate in the Medicine Bow area. In Medicine Bow, 25.64% of households rent, and 58.19% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Medicine Bow is $6,194 per month. Households that rent pay about 21.47% of their income on rent here. Medicine Bow’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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